2012-11-13T15:58:17-06:00 2011-12-31 Grant Thornton LLP 200 SOUTH ORANGE AVE SUITE 2050 Orlando FL 32801 990 2011-01-01 750055465 Ladies Professional Golf Association % KATHRYN MILTHORPE LADI 3862746200 100 International Golf Drive Daytona Beach FL 32124 KATHRYN MILTHORPE 2012-10-31 true Dawn M Olivardia 4074815100 2011 2016-02-24 21:20:13Z Kathryn H Milthorpe 100 International Golf Drive Daytona Beach FL 32124 73861904 false X www.lpga.com X 1950 FL TO PROMOTE WORLDWIDE INTEREST IN THE GAME OF WOMEN'S PROFESSIONAL GOLF. 15 6 98 2500 0 0 0 0 73683454 73851797 4707 3974 0 0 73688161 73855771 296809 266076 550000 650000 8328088 8952128 0 0 0 63192649 62316106 72367546 72184310 1320615 1671461 39453603 41713829 32121236 32710001 7332367 9003828 TO PROMOTE WORLDWIDE INTEREST IN THE GAME OF WOMEN'S PROFESSIONAL GOLF. false false 72189242 THE LADIES PROFESSIONAL GOLF ASSOCIATION IS ORGANIZED TO PROMOTE WORLDWIDE INTEREST IN THE GAME OF WOMEN'S GOLF BY PROVIDING TOURNAMENTS, INSTRUCTIONAL, AND PROFESSIONAL DEVELOPMENT PROGRAMS. THE LADIES PROFESSIONAL GOLF ASSOCIATION SANCTIONS LPGA AND FUTURES TOUR EVENTS THROUGHOUT THE WORLD. 1167466 THE LADIES PROFESSIONAL GOLF ASSOCIATION IS INVOLVED IN HOSTING A NUMBER OF TOURNAMENTS FOR ITS LPGA T&CP MEMBERSHIP INCLUDING A NATIONAL CHAMPIONSHIP, TEAM CLASSIC AND OTHER REGIONAL TOURNAMENTS. 495089 THE LADIES PROFESSIONAL GOLF ASSOCIATION IS INVOLVED IN THE DEVELOPMENT OF A NUMBER OF EDUCATIONAL AND INSTRUCTIONAL PROGRAMS FOR ITS MEMBERS AND OTHERS IN THE GOLF INDUSTRY. false false false false false false false false false true true false false true false true false false false true false false false false false false true false true false false false true false true false false false false true true false false false true 594 0 true 98 true false false false false false false X 15 6 false false false false true true true true true false false true true true true true true true true false FL X KATHRYN MILTHORPE 3862746200 100 INTERNATIONAL GOLF DRIVE Daytona Beach FL 32124 X William Susetka 3.0 X 0 0 0 Karen Jennings 2.0 X 0 0 0 Leslie Greis 2.0 X 0 0 0 Peter Carfagna 2.0 X 0 0 0 Michael Trager 2.0 X 0 0 0 Roberta Bowman 2.0 X 0 0 0 Michelle Ellis 5.0 X X 10000 0 0 Stacy Prammanasudh 5.0 X 139107 0 0 Kathleen Futcher 5.0 X 375888 0 0 Helen Alfredsson 5.0 X 2400 0 0 Kim Hall 5.0 X X 0 0 0 Allison Fouch 5.0 X 19427 0 0 Karrie Webb 5.0 X 511543 0 0 Dana Rader 5.0 X 11000 0 0 Michael Whan 40.0 X X 636138 0 20360 Kathryn Milthorpe 40.0 X 180071 0 20781 Zayra Calderon 40.0 X 220074 0 10814 Jon Podany 40.0 X 326753 0 19766 Nancy Henderson 40.0 X 159540 0 9230 Jane Geddes 40.0 X 145174 15317 Kelly Hyne 40.0 X 147317 0 8373 Mary Moore 40.0 X 150531 0 9994 Michael Nichols 40.0 X 139407 0 19709 Edward Willett 40.0 X 148702 0 11147 Scott Ensign 40.0 X 125148 13230 3448220 0 158721 16 true true false Grant Thornton PO Box 532019 ATLANTA GA 30353 audit/tax 160848 Physiofitness Associates 87 S High Street DUBLIN OH 43017 physical therapy 206415 Winnercom PO Box 83245 CHICAGO IL 60691 website services 308460 Bright Horizons PO Box 277878 ATLANTA GA 30384 child care program 220096 R2IT 3380 Fairlane Farms Road Ste 9 WELLINGTON FL 33414 scoring services 1372146 5 0 TOURNAMENT REVENUE 711300 54382517 54382517 TELEVISION & MEDIA REVENUE 711300 8641532 8641532 CORPORATE SPONSORSHIPS 711300 6192998 6192998 MEMBERSHIP & OTHER INCOME 711300 4139661 4139661 EDUCATION/PROF DEV 711300 495089 495089 73851797 3107 3107 0 0 7000 6133 867 867 867 0 0 0 0 73855771 73851797 3974 266076 0 0 650000 2737115 0 5045650 64301 652710 452352 0 347554 327542 0 0 0 875040 2144266 81037 0 0 0 1264781 0 0 58871 0 605105 247198 PRIZE MONEY 34958008 TOURNAMENT EXPENSE 9493018 TELEVISION & MEDIA 8715502 CORPORATE SPONSOR 1578804 1619380 72184310 0 0 9770843 12894092 0 0 4609174 3379317 0 0 0 0 0 0 0 0 555123 953774 7290487 4278141 3075543 3012346 14684280 14827683 4779115 4460447 0 0 1979525 2186170 0 0 39453603 41713829 4390996 5739842 0 0 7860409 7416600 0 0 0 0 0 0 406436 265429 0 0 19463395 19288130 32121236 32710001 X 7332367 9003828 0 0 0 0 7332367 9003828 39453603 41713829 1671461 X false true true X false 0 350000 350000 0 2015183 1069932 945251 0 500025 312348 187677 0 4425279 2895861 1529418 3012346 MERRILL LYNCH MONEY MARKET A/C 4460447 F 4460447 0 MEMBERS' DEFERRED RETIREMENT BENEFITS 19288130 19288130 73855771 72184310 1671461 1671461 73429314 73429314 426457 426457 73855771 71757853 71757853 426457 426457 72184310 Supplemental Description - Other Schedule D, Part XII, Line 4B INVESTMENT LOSS INCLUDED SEPARATELY FOR FINANCIAL STATEMENT PRESENTATION BUT NET FOR TAX PURPOSES: $425,590. GAIN ON SALE OF ASSETS OTHER THAN INVENTORY: $867. Supplemental Description - Other Schedule D, Part XIII, Line 4B INVESTMENT LOSS INCLUDED SEPARATELY FOR FINANCIAL STATEMENT PRESENTATION BUT NET FOR TAX PURPOSES: $425,590. GAIN ON SALE OF ASSETS OTHER THAN INVENTORY: $867. East Asia and the Pacific 0 0 Program Services Golf Competition 66651 Europe (Including Iceland and Greenland) 0 0 Program Services Golf Competition 403845 North America 0 0 Program Services Golf Competition 6156 South America 0 0 Program Services Golf Competition 8317 0 0 0 0 484969 484969 false false false false false false true The LPGA Foundation 100 International Golf Drive Daytona Beach FL 32124 593085528 501(c)(3) 194000 FMV N/A World Golf Foundation One World Golf Place St Augustine FL 32092 592998925 501(c)(3) 15000 FMV N/A Daytona Regional Chamber PO Box 2676 Daytona Beach FL 32115 590215990 501(c)(6) 7241 FMV N/A United Way of Volusia County 3747 W Intl Speedway Blvd Daytona Beach FL 32124 591099774 501(c)(3) 5750 FMV N/A Contributions not than 5000 100 INTERNATIONAL GOLF DRIVE DAYTONA BEACH FL 32124 44085 FMV N/A 24 2 Schedule I, Part I, Line 2: The Ladies Professional Golf Association TOURNAMENT PLAYERS ELECT TO DONATE ALL PRO AM REVENUE RECEIVED BY THE LPGA FROM TOURNAMENT SPONSORS TO THE LPGA FOUNDATION. THE LADIES PROFESSIONAL GOLF ASSOCIATION MAKES SURE THAT ALL TRANSFERS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE. ALL OTHER GRANTS ARE DONATIONS TO THIRD PARTY UNRELATED ORGANIZATIONS. X true true X X X X X false false false Kathleen Futcher 0 0 0 0 375888 0 0 0 0 0 375888 0 0 0 Karrie Webb 0 0 0 0 511543 0 0 0 0 0 511543 0 0 0 Michael Whan 496138 0 140000 0 0 0 0 0 20360 0 656498 0 0 0 Kathryn Milthorpe 160071 0 20000 0 0 0 0 0 20781 0 200852 0 0 0 Zayra Calderon 208074 0 12000 0 0 0 0 0 10814 0 230888 0 0 0 Jon Podany 279253 0 47500 0 0 0 0 0 19766 0 346519 0 0 0 Nancy Henderson 159540 0 0 0 0 0 0 0 9230 0 168770 0 0 0 Kelly Hyne 147317 0 0 0 0 0 0 0 8373 0 155690 0 0 0 Mary Moore 150531 0 0 0 0 0 0 0 9994 0 160525 0 0 0 Michael Nichols 139407 0 0 0 0 0 0 0 19709 0 159116 0 0 0 Edward Willett 148702 0 0 0 0 0 0 0 11147 0 159849 0 0 0 Jane Geddes 135174 10000 0 15317 160491 Compensation for the following board members was related to tournament prize winnings received in conjunction with competing in LPGA tournaments and is not associated with their activities in the capacity as a board member: Stacy Prammanasudh Helen Alfredsson Kathleen Futcher Allison Fouch Karrie Webb Michelle Ellis Player/BOD 10000 Stipend - LPGA Tour President false Stacy P LLC Player/BOD 139107 Prize winnings false Ayrwaves Inc Player/BOD 511543 Prize winnings false Helen Alfredsson Player/BOD 2400 Prize winnings false Allison Fouch Player/BOD 19427 Prize winnings false KMF Group LLC Player/BOD 375888 Prize winnings false Dana Rader Player/BOD 11000 Stipend - TCP Pres/Evaluator false PLEASE SEE SCHEDULE O FOR ADDITIONAL INFORMATION FOR PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 THE MEMBERS OF THE LADIES PROFESSIONAL GOLF ASSOCIATION ARE THE TOURNAMENT PLAYERS AND TEACHING AND CLUB PROFESSIONAL MEMBERSHIP. MEMBERS OR STOCKHOLDERS WHO MAY ELECT FORM 990, PART VI, LINE 7A THE RESERVED POWERS OF THE LADIES PROFESSIONAL GOLF ASSOCIATION PERMIT THE VOTING MEMBERSHIP TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY OF THE LADIES PROFESSIONAL GOLF ASSOCIATION. DECISIONS SUBJECT TO APPROVAL FORM 990, PART VI, LINE 7B THE KEY DECISIONS OF MANAGEMENT ARE SUBJECT TO THE APPROVAL BY THE BOARD OF DIRECTORS OF THE LADIES PROFESSIONAL GOLF ASSOCIATION. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990 WAS PROVIDED TO THE LADIES PROFESSIONAL GOLF ASSOCIATION FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE FILING OF THE RETURN. AFTER ALL QUESTIONS AND COMMENTS ARE RESOLVED, THE TAX RETURN IS FILED BY THE EXTENDED DUE DATE. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, LINE 12C BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST REPORTING FORM ON AN ANNUAL BASIS ON WHICH TO REPORT AND DISCLOSE ANY REAL OR POTENTIAL CONFLICT OF INTEREST OR ETHICAL ISSUE TO THE LADIES PROFESSIONAL GOLF ASSOCIATION. THE OBLIGATION TO REPORT SUCH CONFLICTS OR ISSUES IS ONGOING; THEREFORE BOARD MEMBERS ARE REQUIRED TO REPORT ANY CHANGE IN CIRCUMSTANCES WHENEVER THEY OCCUR DURING ANY CALENDAR YEAR. EACH CONFLICT OF INTEREST REPORTING FORM SHALL BE SUBMITTED CONFIDENTIALLY FOR REVIEW TO THE CORPORATE SECRETARY OR THE GENERAL COUNSEL FOR REVIEW. THESE INDIVIDUALS ARE EMPOWERED TO RESOLVE ANY CONFLICT OF INTEREST OR ETHICAL ISSUE THAT MAY COMPROMISE A BOARD MEMBER'S ABILITY TO FULFILL THEIR RESPECTIVE FIDUCIARY OBLIGATIONS TO THE LADIES PROFESSIONAL GOLF ASSOCIATION. IN THE EVENT THAT A CONFLICT OF INTEREST OR ETHICAL ISSUE CANNOT BE SATISFACTORILY RESOLVED BY THE CORPORATE SECRETARY AND THE GENERAL COUNSEL, THE MATTER SHALL BE REFERRED BY EITHER OF THEM TO THE LADIES PROFESSIONAL GOLF ASSOCIATION HR/LEGAL COMMITTEE WHICH SHALL SEEK TO RESOLVE THE MATTER. ANY MATTER THAT CANNOT BE RESOLVED BY THE ABOVE PROCEDURES SHALL BE REPORTED TO THE BOARD OF DIRECTORS FOR RESOLUTION. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A THE HR/LEGAL COMMITTEE OF THE BOARD OF DIRECTORS IS CHARGED WITH RECOMMENDING THE COMPENSATION OF THE COMMISSIONER TO THE LADIES PROFESSIONAL GOLF ASSOCIATION BOARD OF DIRECTORS FOR APPROVAL. THIS RECOMMENDATION IS DETERMINED ANNUALLY BASED ON INFORMATION RECEIVED THROUGH INDEPENDENT COMPENSATION CONSULTING, COMPARABLE INDUSTRY KNOWLEDGE, AND/OR MARKET SURVEYS. IN ADDITION, THE HR/LEGAL COMMITTEE DEVELOPS AND RECOMMENDS TO THE ENTIRE BOARD OF DIRECTORS THE COMMISSIONER'S ANNUAL PERFORMANCE BONUS, IF CERTAIN OBJECTIVES ARE MET. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15B THE COMMISSIONER IS CHARGED WITH CONDUCTING PERFORMANCE REVIEWS OF OFFICERS AND KEY EMPLOYEES TO DETERMINE BASE SALARY, BENEFITS AND PERFORMANCE BONUS, IF OBJECTIVES ARE MET. THIS COMPENSATION IS DETERMINED BASED ON INFORMATION RECEIVED THROUGH INDEPENDENT COMPENSATION CONSULTING, COMPARABLE INDUSTRY KNOWLEDGE, AND/OR MARKET SURVEYS. FORM 990, PART VI, SECTION C, LINE 18: LADIES PROFESSIONAL GOLF ASSOCIATION MAKES ITS FORMS 1023, 990, 990-T AVAILABLE FOR PUBLIC INSPECTION VIA U.S. MAIL UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: NO GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCH L, PART IV: (A) NAME OF PERSON: MICHELLE ELLIS (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 10,000. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN MICHELLE ELLIS AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO A STIPEND RECEIVED FOR SERVICES AS LPGA TOUR PRESIDENT. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: STACY P LLC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 139,107. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN STACY P, LLC AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO PRIZE WINNINGS RECEIVED FROM COMPETING IN LPGA TOURNAMENTS. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: AYRWAVES INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 511,543. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN AYRWAVES INC. AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO PRIZE WINNINGS RECEIVED FROM COMPETING IN LPGA TOURNAMENTS. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: HELEN ALFREDSSON (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 2,400. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN HELEN ALFREDSSON AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO PRIZE WINNINGS RECEIVED FROM COMPTETING IN LPGA TOURNAMENTS. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: ALLISON FOUCH (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 19,427. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN ALLISON FOUCH AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO PRIZE WINNINGS RECEIVED FROM COMPETING IN LPGA TOURNAMENTS. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: KMF GROUP, LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 375,888. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN KMF GROUP LLC AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO PRIZE WINNINGS RECEIVED FROM COMPETING IN LPGA TOURNAMENTS. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: DANA RADER (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PLAYER/BOD (C) AMOUNT OF TRANSACTION $ 11,000. (D) DESCRIPTION OF TRANSACTION: THE TRANSACTION BETWEEN DANA RADER AND LADIES PROFESSIONAL GOLF ASSOCIATION RELATES TO A STIPEND RECEIVED FOR SERVICES AS TCP NATIONAL PRESIDENT AND EVALUATOR. (E) SHARING OF ORGANIZATION REVENUES? = NO FGTA LLC 100 International Golf Drive Daytona Beach FL 32124 260507044 Develop Tour FL 143156 4670498 NA LPGA Tourn Prop One LLC 100 International Golf Drive Daytona Beach FL 32124 271317091 Golf Events FL -161588 4743422 LPGA THE LPGA FOUNDATION 100 International Golf Drive Daytona Beach FL 32124 593085528 JRGOLF/SCHOL FL 501(c)(3) II Type II NA Daytona Beach Golf Charities 100 International Golf Drive Daytona Beach FL 32124 593214096 Golf Events FL 501(C)(3) N/A NA false true false true false false false false false false false false true true false true false false